Exhibit 99.1

 

 

News

 

Contact:

Investor Relations:

Dennis D’Andrea

(212) 572-4384

 

 

 

767 Fifth Avenue

New York, NY 10153

 

Media Relations:

Alexandra Trower

(212) 572-4430

 

 

THE ESTÉE LAUDER COMPANIES REPORTS RECORD FISCAL 2013

FOURTH QUARTER AND FULL YEAR RESULTS

 

- Before Charges: -

 

- FOURTH QUARTER EPS RISES 41% TO $.24 ON 7% NET SALES GROWTH -

 

- FULL YEAR NET SALES INCREASE 5% TO $10.2 BILLION -

 

- OPERATING MARGIN REACHES 15.2% -

 

- EARNINGS PER SHARE CLIMBS 16% TO $2.64 -

 

New York, NY, August 15, 2013 -

The Estée Lauder Companies Inc. (NYSE: EL) today reported a strong financial performance for its fourth quarter and fiscal year ended June 30, 2013.  For the year, the Company achieved record net sales of $10.18 billion, a 5% increase compared with $9.71 billion in the prior year.  Excluding the impact of foreign currency translation, net sales increased 6%.  The Company reported a 150 basis-point increase in operating margin, and net earnings for the year rose 19% to $1.02 billion, compared with $856.9 million last year.  Diluted net earnings per common share rose 20% to $2.58, compared with $2.16 in the prior year.

 

The fiscal 2013 full-year results included returns and charges associated with restructuring activities of $17.8 million ($11.7 million after tax), equal to $.03 per diluted common share. Additionally, during the fiscal year, the Company redeemed $230.1 million principal amount of its 7.75% Senior Notes due 2013.  As a result, the Company recorded a pre-tax charge to earnings of $19.1 million ($12.2 million after tax), for the impact of the extinguishment of debt, equal to $.03 per diluted common share.  The fiscal 2012 full-year results included returns and charges associated with restructuring activities of $63.2 million ($44.1 million after tax), equal to $.11 per diluted common share.

 

Excluding these returns and charges in fiscal 2013 and 2012, gross margin expanded 70 basis points, operating expenses improved 30 basis points and operating margin rose 100 basis points to 15.2%.  Net earnings increased 16% to $1.04 billion, and diluted net earnings per common share rose 16% to $2.64, versus a comparable $2.27 in the prior-year period.  A reconciliation between GAAP and non-GAAP financial measures is included in this release.

 

Page 1 of 13


The following information was filed by Estee Lauder Companies Inc (EL) on Thursday, August 15, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Estee Lauder Companies Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Estee Lauder Companies Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account